US Bancorp DE Has $3.17 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

US Bancorp DE lessened its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,579 shares of the business services provider’s stock after selling 1,482 shares during the quarter. US Bancorp DE’s holdings in Thomson Reuters were worth $3,170,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Asset Dedication LLC raised its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Clean Yield Group acquired a new stake in Thomson Reuters in the 3rd quarter worth about $42,000. Finally, Exchange Traded Concepts LLC raised its stake in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TRI. JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $168.00 to $171.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $175.56.

Thomson Reuters Trading Up 3.7 %

Shares of Thomson Reuters stock opened at $171.18 on Wednesday. The firm has a market capitalization of $77.01 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 5.54 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $168.79 and its 200 day moving average is $166.61. Thomson Reuters Co. has a 1 year low of $127.15 and a 1 year high of $176.03.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.